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City Report · CA

Palos Verdes Estates

Pop. 12,925·2nd most expensive in California·One of the pricier rental markets in the US
Median rent (all units)
$8,898/mo
Year-over-Year
Stable
Month-over-Month
+4.7%
vs US Median
+$6,933
Rising (Monthly)
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Most AffordableMost Expensive
Palos Verdes Estates · $8,898
More expensive than 100% of US cities · National median $1,965/mo
Affordability
44% of income
STRETCHED
0%30% benchmark60%+

At $8,898/mo, rent takes about 44% of the local median household income, well above the 30% benchmark.

Income to afford
$356,000/yr
Local median income
$242,014/yr
Based on the 30%-of-income rule using Palos Verdes Estates's median rent and household income. See the full affordability breakdown →
Rent trends

12-month history

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Last updated: July 20, 2026

Annual cost
$106,776/yr
At $8,898/mo median
Rent Market Meter
Strong Landlord's Market
Renter's MarketBalancedLandlord's Market
Rents are up 0.0% year-over-year. Expect competition, and move quickly to lock in terms.
Based on rent-price momentum (+0.0% YoY, +4.7% MoM), not inventory.
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Demographics

Who lives here

Palos Verdes Estates, CA is majority owner-occupied, has a large retiree population, has a median income above the national average, 79.6% of residents hold a bachelor's degree or higher.

Population
12,925
Median income
$242,014
Median age
52.4
Renters
10.3%
Age distribution
24.1%
23.1%
18.1%
27.2%
Under 1824.1%
18–347.5%
35–5423.1%
55–6418.1%
65+27.2%
Gender
49.1%
50.9%
Male49.1%
Female50.9%
Race & ethnicity
61.7%
24.7%
White61.7%
Black3.8%
Hispanic4.9%
Asian24.7%
Other4.9%
Education (25+)
14%
79.6%
No HS diploma2.4%
HS diploma4%
Some college14%
Bachelor's+79.6%
Housing tenure
89.7%
Owner89.7%
Renter10.3%

Source: U.S. Census Bureau · ACS 2024 5-Year Estimates

2021 vs 2026

How Palos Verdes Estates, CA has changed in 5 years

Income
$202,569 → $242,014
up 19.5%
Population
13,403 → 12,925
down 3.6%
Renter share
11.6% → 10.3%
-1.3 pts
Bachelor's+
81.5% → 79.6%
-1.9 pts
Median age
51.8 → 52.4
+0.6 yrs

Household income in the area moved from $202,569 to $242,014 across the same window, up 19.5% versus 2021. Headcount in the area went from 13,403 to 12,925 between 2021 and 2024, a 3.6% change.

Community

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View Palos Verdes Estates rent history (2015–2026) →
Salary vs rent

Can you afford rent in Palos Verdes Estates on your salary?

At $8,898/mo, how Palos Verdes Estates rent compares to typical pay (30% rule).

By apartment size

Palos Verdes Estates rent by bedroom count

Median rent for each apartment size in Palos Verdes Estates. Click any size for full breakdown.

Local insights

Tips for renters in Palos Verdes Estates

About renting in Palos Verdes Estates, CA

Last updated: July 20, 2026

The median rent in Palos Verdes Estates is $8,898/mo as of July 2026.

At 44% of local median household income ($242,014/yr), Palos Verdes Estates ranks as moderate compared to the national benchmark of 30%. Rent prices have stayed steady over the past year.

FAQ

Frequently asked questions

Is Palos Verdes Estates an affordable city for renters?

Palos Verdes Estates is considered stretched for renters. At $8,898/mo, rent takes approximately 44% of the local median household income ($242,014/yr). The standard benchmark is 30%. Palos Verdes Estates significantly exceeds that threshold, making it challenging for many renters.

How much income do you need to rent in Palos Verdes Estates?

To keep rent at or below 30% of gross income, you would need to earn at least $356,000/year (~$171/hour full-time) to afford the median rent of $8,898/mo in Palos Verdes Estates. The local median household income is $242,014/yr, meaning the typical Palos Verdes Estates household falls short of that threshold.

Is rent going up or down in Palos Verdes Estates?

Rent in Palos Verdes Estates has been relatively stable over the past year, with a 0.0% change year over year as of July 2026.

How does Palos Verdes Estates rent compare to other cities in California?

Palos Verdes Estates is one of the pricier cities in California for rent, ranking #2 out of 387 tracked cities at $8,898/mo.

Which nearby cities are cheaper to rent in than Palos Verdes Estates?

Several nearby cities have lower median rents than Palos Verdes Estates ($8,898/mo): Torrance ($2,997/mo), Lomita ($3,118/mo), Redondo Beach ($3,543/mo).

What percentage of Palos Verdes Estates residents rent vs. own?

According to Census data, approximately 10.3% of Palos Verdes Estates households are renters, while 89.7% are owner-occupied. Palos Verdes Estates leans toward homeownership, which can mean a smaller rental inventory.

How does Palos Verdes Estates rent compare to the national average?

Palos Verdes Estates's median rent of $8,898/mo is $6,933 (353%) above the US national median of $1,965/mo. Within California, it ranks #2 out of 387 tracked cities.
Income Affordability
44%
STRETCHED

At $8,898/mo, rent takes ~44% of Palos Verdes Estates's median household income ($242,014/yr). The standard benchmark is 30%.

Palos Verdes Estates 44%Benchmark 30%
State income tax1–13.3%
Run the Palos Verdes Estates affordability calculator →
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Neighborhoods

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Schools nearby

Public schools near Palos Verdes Estates, CA

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